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Brad De Long wrote:
>
> And the pace of TFP growth in computer manufacturing is awesome.
Yes, if you assume that today's $2,000 computer with Pentium III 600 MHz is twice as "good" as last years $2,000 computer with a 300 MHz chip. Which is a crock. From a user perspective, outside a few specialized applications, they are equivalent.
The good news is that people are realizing this, switching to $700 computers, and, more importantly, keeping them until they break. Maybe *now* we will be able to see real productivity improvements, instead of pissing them away in the upgrade treadmill.
-- Enrique Diaz-Alvarez Office # (607) 255 5034 Electrical Engineering Home # (607) 272 4808 112 Phillips Hall Fax # (607) 255 4565 Cornell University mailto:enrique at ee.cornell.edu Ithaca, NY 14853 http://peta.ee.cornell.edu/~enrique